Analysis: A digital dollar is years away as U.S. Fed kicks issue to Congress
While the Federal Reserve’s paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its decision to kick the issue to Congress means an official U.S. digital dollar is still several years away.
Exclusive: U.S. examining Alibaba’s cloud unit for national security risks
The Biden administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it poses a risk to U.S. national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies’ dealings with U.S. firms.
Winter storm slams U.S. East Coast, Canada, thousands of flights canceled
A major winter storm slammed much of the eastern United States with snow, ice and high winds on Sunday, causing widespread travel disruptions and power outages on a holiday weekend.
Analysis: Pandemic fatigue makes the case for boosters a harder sell
Some nations are already looking to a fourth vaccine dose to help contend with a huge Omicron-driven spike in COVID-19 cases, but early signs suggest repeat vaccination may be a hard sell as beleaguered populations enter their third pandemic year.
Oil prices edge up on Kazakhstan, Libyan supply worries
Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections.
Analysis: Biden’s regulatory agenda to take shape in 2022
Next year will be a turning point for U.S. financial policy as Democratic President Joe Biden’s new regulators ready a slew of rule changes that are set to create headaches for Wall Street and corporate America.
Telefonica buys Ericsson 5G equipment to replace some Huawei gear
Telefonica (TEF.MC) has bought 5G network equipment from Swedish manufacturer Ericsson (ERICb.ST) to replace some of the Huawei gear it has rolled out in Spain, a source at the Spanish firm said on Monday, confirming a report in Expansion newspaper.
EXCLUSIVE Foxconn India iPhone plant extends closure, workers’ hostels inspected
A Foxconn (2317.TW) iPhone factory in India at the centre of a mass food-poisoning incident will extend a week-long closure by an extra three days, a senior official for the state of Tamil Nadu told Reuters.
EXCLUSIVE Qatar targets $10 billion of investments in U.S. ports -sources
Qatar plans to invest at least $10 billion in U.S. ports and has approached international banks for financing help, three finance sources say, in an infrastructure spree that reflects the Gulf country’s deepening ties with Washington.
U.S. SEC to tighten insider trading rules, boost money market fund resilience
The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed tightening a legal safe-harbor that allows corporate insiders to trade in a company’s shares, and other rules to improve the resilience of money market funds.
